This product is extremely important for Stacks and sBTC.
As hBTC is deployed, generates yield, and ultimately captures returns back in BTC, every transaction in this process activates transactions on the Stacks chain.
The idea that we can open the era of Bitcoin yield with just a simple step
>> issuing sBTC and depositing it into Hermetica
is truly remarkable.
However, what I’m most curious about right now is how security measures and exploit responses will be handled for sBTC deposited into DeFi protocols.
Bitcoin is not digital gold. It’s another asset class that works for me.
1.32K
5
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.